Dan Loeb: Down On Hope, Up For For The Year

The Down:

The up:

Third Point Second Quarter Letter 2011 [PDF]

69 comments (hidden to protect delicate sensibilities)
Show all comments ↓

Comments (69)

  1. Posted by NakedShort | July 24, 2011 at 12:24 AM


  2. Posted by A Dan Loeb Wannabe | July 24, 2011 at 12:01 PM

    I am the eggman, they are the eggmen.nI am the walrus, goo goo g’joob g’goo ngoo g’joob.n-The Beatles,’I am the walrus’

  3. Posted by Not_Matt_Levine | July 24, 2011 at 2:05 PM

    I thought the ‘I have to go to work’ thing was Bessie’s way to avoid the late afternoon / early evening wood. My bad. Please ignore the 69 messages that I left in your inbox.

  4. Posted by Hope_2012 | July 24, 2011 at 2:15 PM

    Watch it.nn-Obama

  5. Posted by Tuckhead | July 24, 2011 at 2:48 PM

    Your returns suck and you are blaming the president? Time to pull your money from this fund. Instead of watching fox news these guys should learn how to invest .

  6. Posted by Guest | July 24, 2011 at 5:11 PM

    you are an idiot

  7. Posted by quanttrader | July 24, 2011 at 8:08 PM

    Ok, if there was no stimulus (included $400 billion in tax cuts) we would be in a depression.u00a0nnI agree that debt should be reduced but the debt reduction requires 2 components to be effective – Tax Increases/Closing loopholes and Govt. Spending cuts starting in 2012. But Tea party zombies are adamant just about cutting govt spending and nothing

  8. Posted by Grow up | July 24, 2011 at 8:43 PM

    Its incredible how whiny hedge fund managers are. u00a0They keep up this charade that the performance fees they earned on carried interest are based on “invested capital” when its really based on other investor’s capital. u00a0I have yet to see any compelling evidence that anyone other than fund managers would be worse off if the carried interest loophole was closed. u00a0Cry me a river. u00a0

  9. Posted by trojan | July 24, 2011 at 9:40 PM

    Then he went up from there to Bethel; and as he was going up by the way,n young lads came out from the city and mocked him and said to him, u201cGo nup, you baldhead; go up, you baldhead!u201d When he looked behind him andn saw them, he cursed them in the name of the LORD. Then two female bearsn came out of the woods and tore up forty-two lads of their number.n-2 Kings 2:23-25

  10. Posted by Anonymous | July 24, 2011 at 11:23 PM

    RIIIIIGGHHTTTT….because I am sure that you have multiple billions from running your fund. You clearly don’t work at a fund if you think most hedge fund people watch Fox News.u00a0

  11. Posted by Anonymous | July 24, 2011 at 11:27 PM

    …then explain to me why stock options (while being classified as compensation) can be structured such that only capital gains taxes are paid AND potentially pay a CEO hundreds of millions while the stock goes in the crapper.u00a0

  12. Posted by Anonymous | July 24, 2011 at 11:29 PM

    …and don’t give me the bullshit about how not taxing/accounting for/expensing stock options creates a vibrant entrepreneurial environment.u00a0

  13. Posted by Guest | July 25, 2011 at 1:19 AM


  14. Posted by Guest | July 25, 2011 at 1:20 AM

    “because I am sure that you have multiple billions from running your fund.”nnyou don’t know dick about anyone on here…

  15. Posted by Guest | July 25, 2011 at 1:21 AM

    “Ok, if there was no stimulus (included $400 billion in tax cuts) we would be in a depression. “nnYup.

  16. Posted by Saint Nick | July 25, 2011 at 1:53 AM

    class warfare…………..stirring up class warfare……………………….. Why did you post this Bess Levin?u00a0

  17. Posted by Grow up | July 25, 2011 at 2:55 AM

    I think you’re right. u00a0The profit on exercising an in the money option that was granted should be taxed as ordinary income. u00a0Once you continue to own the stock the gains above that level should be capital gains because now you have real capital invested in the stock (just like everyone else). u00a0

  18. Posted by Guest | July 25, 2011 at 11:51 AM

    Because this is a site about Wall Street and this is a letter from a hedge fund manager to investors. Any other brain busters or are you fresh out?

  19. Posted by 25th Hour Trader | July 25, 2011 at 11:54 AM

    “It’s all about bucks kid, the rest is conversation.” – GGnn-Trader who prefers to focus on what he can control (when to trade, how to manage risk, etc.) rather than what he can’t (politics). u00a0

  20. Posted by HFguy | July 25, 2011 at 11:58 AM

    I like the new DB look but I dont know what I am looking at.

  21. Posted by Put_Option | July 25, 2011 at 1:28 PM

    You made the same mistake Bloomberg.com did. Don’t fix what is not broken

  22. Posted by Buzz | July 25, 2011 at 1:38 PM

    Agreed.u00a0 The new bloomberg sucks

  23. Posted by Someguy | July 25, 2011 at 1:42 PM

    People don’t get deflation, but everyone gets unemployment.u00a0 U-6 unemployment this year is something like 16%.u00a0 If you look at the methodology behind the 25% unemployment rate in 1933, and adjust it to the U-6 measure, you wind up in the 15-20% range (hard to say, since society is very different today).u00a0 For most working families, we are in a depression.nnBut, you know, it’s all just a bunch of wingnuts, teabaggers, hoarders, wreckers, etc., robbing us of our bright future in a hopey-changey tomorrow.

  24. Posted by Winkelvii | July 25, 2011 at 2:02 PM

    Bess, did Mark Zuckerberg put you up to this? u00a0That douche is always changing website looks.u00a0

  25. Posted by Anonymous | July 25, 2011 at 3:43 PM

    Oh, okay.

  26. Posted by Put_Option | July 25, 2011 at 4:53 PM

    I still love ya like a fat kid hates the onset of Type II Diabetesu00a0

  27. Posted by Anonymous | July 26, 2011 at 6:55 PM

    Brainzzzz…you need some brainzzzznnn-Tea Party Zombie

  28. Posted by Anonymous | July 26, 2011 at 6:56 PM

    We got to chase dem crazy baldheads out of our town…nnn-The Ghost of Bob Marley

  29. Posted by Bristol Airport Hotels | April 20, 2012 at 3:43 AM

    cXxsoW Hey, thanks for the post.Much thanks again. Will read on…

  30. Posted by gas freezer | April 24, 2012 at 5:11 PM

    Really appreciate you sharing this blog post.Really thank you! Cool.

  31. Posted by weight loss foods | April 25, 2012 at 8:15 AM

    Thanks a lot for the blog.Really looking forward to read more. Much obliged.

  32. Posted by website translation | April 25, 2012 at 1:10 PM

    Very good post.Thanks Again. Much obliged.

  33. Posted by odżywki | April 27, 2012 at 9:54 AM

    Thanks for the post.Much thanks again.

  34. Posted by E-Books | April 28, 2012 at 2:15 AM

    I am so grateful for your blog article. Really Cool.

  35. Posted by college admissions consulting | April 28, 2012 at 4:58 AM

    Really appreciate you sharing this article post.Thanks Again. Awesome.

  36. Posted by source for payday loan | April 28, 2012 at 6:16 AM

    Hey, thanks for the article.Thanks Again. Really Cool.

  37. Posted by i need energy | April 28, 2012 at 10:18 PM

    Thanks so much for the post. Will read on…

  38. Posted by Pest Control Irwin PA | April 29, 2012 at 9:50 AM

    Thanks for sharing, this is a fantastic blog post.Really looking forward to read more. Much obliged.

  39. Posted by MLM Leads | April 29, 2012 at 8:21 PM

    Thank you ever so for you article post.Really looking forward to read more. Really Great.

  40. Posted by surveys for money | April 30, 2012 at 12:37 AM

    Muchos Gracias for your blog article.Really looking forward to read more. Much obliged.

  41. Posted by lab balance | April 30, 2012 at 7:43 AM

    I loved your article post.Really thank you! Want more.

  42. Posted by PPI | April 30, 2012 at 9:26 AM

    I think this is a real great article.Thanks Again. Fantastic.

  43. Posted by grow taller fast | April 30, 2012 at 12:05 PM

    Appreciate you sharing, great article.Really thank you!

  44. Posted by Hoodia | April 30, 2012 at 2:58 PM

    I am so grateful for your blog article.Really looking forward to read more. Great.

  45. Posted by party | April 30, 2012 at 6:02 PM

    Thanks-a-mundo for the blog article.Thanks Again. Much obliged.

  46. Posted by Tampa real estate | May 1, 2012 at 7:47 PM

    I really enjoy the article. Really Great.

  47. Posted by Phlebotomy Training programs | May 2, 2012 at 1:55 AM

    Im obliged for the article.Really thank you! Great.

  48. Posted by vector logo art | May 2, 2012 at 9:49 PM

    Thanks again for the article.Thanks Again. Fantastic.

  49. Posted by Movie reviews | May 2, 2012 at 11:12 PM

    A round of applause for your post.Much thanks again. Want more.

  50. Posted by free cosmetic samples | May 3, 2012 at 1:26 AM

    Very neat article.Much thanks again. Great.

  51. Posted by 1 million followers | May 3, 2012 at 8:13 AM

    Thanks-a-mundo for the article.Thanks Again. Great.

  52. Posted by Walkers | May 9, 2012 at 3:17 AM

    Say, you got a nice article post. Really Cool.

  53. Posted by Tubanur | August 27, 2012 at 1:08 AM

    Very cool, def need to check this out. Nice work! Check these guys out look like some up and coming guys Nice film:youtube.com/user/WarriorDynamicsTv

  54. Posted by Delphia Slife | August 29, 2012 at 12:40 PM

    Thanks for sharing. Great info.

  55. Posted by Loriann Wensel | September 5, 2012 at 6:39 AM

    That is certainly brilliant! Heading to acquire that WordPress button.

  56. Posted by Haylee | September 11, 2012 at 10:28 AM

    Howdy very nice website!! Guy .. Beautiful .. Superb .. I’ll bookmark your site and take the feeds also…I am happy to seek out numerous helpful info here within the submit, we need develop more strategies on this regard, thanks for sharing.

  57. Posted by Lekipotencja | September 13, 2012 at 5:15 PM

    hello there and thank you in your information – I’ve certainly picked up something new from right here. I did on the other hand experience several technical issues the usage of this site, as I skilled to reload the site many occasions previous to I may just get it to load correctly. I have been pondering in case your hosting is OK? Now not that I am complaining, but sluggish loading cases times will sometimes have an effect on your placement in google and can damage your quality rating if advertising and ***********|advertising|advertising|advertising and *********** with Adwords. Anyway I am including this RSS to my e-mail and could look out for much more of your respective fascinating content. Make sure you update this again very soon..

  58. Posted by kamagra | September 19, 2012 at 2:09 PM

    Hi would you kamagra mind sharing which blog platform you’re working with? I’m going to start my own blog in the near future but I’m having a tough time choosing between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your layout seems different then most blogs and I’m looking for something unique. P.S My apologies for getting off-topic but I had to ask!

  59. Posted by kamagra apteka | September 20, 2012 at 9:47 AM

    Hi there kamagra very nice website!! Man .. Beautiful .. Superb .. I will bookmark your site and take the feeds also…I am glad to find numerous useful information right here within the submit, we want develop extra techniques on this regard, thanks for sharing. . . . . .

  60. Posted by Kob | September 30, 2012 at 10:34 PM

    Dear AmandaThis sub-atomic speck on the sphere is degtlhied you’re having such a great time; is grateful you braved random undergraduate interference to check back in; wishes you joy and an new domicile and internet connection.Yours, sitting at home waiting for the children to go to sleep,qB

  61. Posted by telbnssa | October 1, 2012 at 8:52 AM

    jwBUOq qunnvkagdmjn

  62. Posted by Jessenia Rutheford | October 1, 2012 at 11:22 AM

    Oh which is uncomplicated… Just consider solving waze map issue reports for a calendar year!

  63. Posted by Mabelle Ester | October 1, 2012 at 2:17 PM

    My brother recommended I might like this weblog. He was totally correct. This publish definitely built my day. You cann’t think just how a great deal of time I had spent for this data! Thank you!

  64. Posted by avyxmrf | October 3, 2012 at 9:02 AM

    GC5Osz , [url=http://grsktlgqnczp.com/]grsktlgqnczp[/url], [link=http://vkmabdebipll.com/]vkmabdebipll[/link], http://vpjbnlsyojaz.com/

  65. Posted by liberty reserve | October 5, 2012 at 1:22 AM

    Pretty section of content. I just stumbled upon your website and in accession capital to assert that I get actually enjoyed account your blog posts. Anyway I will be subscribing to your augment and even I achievement you access consistently quickly.

  66. Posted by Andy | October 14, 2012 at 5:14 AM

    We stumbled over here by a different web page and thought I might as well check things out.

    I like what I see so i am just following you. Look forward to looking at your web page for a second time.

  67. Posted by alan kavanagh | May 2, 2013 at 6:18 AM

    I really liked your article and will be coming back again to see more. Thanks

  68. Posted by Agen IBCBET | June 19, 2013 at 10:42 AM

    Very nice post. I just stumbled upon your blog and wanted to say that I have really enjoyed browsing your blog posts. In any case I will be subscribing to your feed and I hope you write again very soon!
    Jasa SEO

  69. Posted by obat peninggi badan | October 30, 2013 at 7:36 AM

    thanks for all